Nigeria's Senate Passes Bill to Crackdown on Money Laundering

Nigerian lawmakers passed a bill aimed at cracking down on money laundering by urging foreign countries where currency crooks are hiding to cooperate in prosecuting them, a senior official said on Tuesday.
According to the bill, Nigeria may ask any country where a money launderer is hiding to help it prosecute the offender, or prosecute that person itself. In the second case, Abuja would supply the country with evidence to support a conviction.
Development in the OPEC member, which has Africa's largest economy, has been stunted by endemic corruption. Most people live on less than $2 a day despite the country's vast energy wealth, much of which has been plundered by a rich elite.
"This act will facilitate the needed cooperation with other states to prevent individuals from escaping prosecution by fleeing to another country," said Senate President Bukola Saraki.
The bill was originally presented by President Muhammadu Buhari, who was elected in May 2015 after vowing to fight corruption.
The 74-year-old president is on medical leave in Britain for an unspecified ailment. He has handed over power to his deputy, Yemi Osinbajo, in his absence.

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Chinese Troops Participate in Pakistan’s Republic Day Parade

ISLAMABAD — A grand annual military parade marking Pakistan’s Republic Day has for the first time involved Chinese troops, underscoring Beijing’s increasingly strong partnership with Islamabad. The Pakistan military displayed its conventional and nuclear-capable weapons at Thursday’s parade in the capital, where security was extremely tight. Authorities blocked cellular phone networks to deter militants, who have often used mobile phone signals to trigger bombs. Pakistan Day commemorates March 23, 1940, when a resolution was passed to demand the establishment of a separate homeland to protect Muslims in the then British colony of India. Pakistan President Mamnoon Hussain arrives to attend a military parade to mark Pakistan's Republic Day in Islamabad, Pakistan, March 23, 2017. Addressing the nationally televised event, President Mamnoon Hussain thanked China for sending a 90-member contingent of the People’s Liberation Army to the parade, saying the Chinese ...

Ranking the World's Most Iconic Football Stadiums

The world's top football stadiums are more than just venues for games; they're iconic representations of a team's heritage and character. Here are a few of the most renowned stadiums: 1. Wembley Stadium (London, England): This legendary venue has hosted some of the biggest games in football history, including the 1966 World Cup Final and the 2011 Champions League Final. Its impressive arch and excellent acoustics make it a standout stadium. 2. Allianz Arena (Munich, Germany): This modern stadium is known for its sleek design and vibrant atmosphere. Its exterior shell changes color depending on the team playing, making it a unique and recognizable landmark. 3. Santiago Bernabéu (Madrid, Spain): As the home stadium of Real Madrid, Santiago Bernabéu is a symbol of the team's success and legacy. Its excellent acoustics, modern design, and electric atmosphere make it a must-visit for any football fan. 4. Signal Iduna Park (Dortmund, Germany): This stadium is famous for its...

We Will Ensure Things are Done Faithfully in This Government – Prof. Osinbajo

Laolu Akande, Abuja: The Buhari administration, in line with its Economic Recovery and Growth Plan, would continue to ensure the implementation of policies to drive socio-economic growth and prosperity, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this today at the Presidential Villa, Abuja, when he received a delegation from the Lagos Chamber of Commerce and Industry (LCCI). “I think that no one is in doubt that we have very great policies and we will ensure that these things are implemented and are done as faithfully as possible,” he said. The Vice President further said that the private sector in Nigeria will continue to play a prominent role in the economic programmes and initiatives of the Buhari administration. He noted the significance of private sector investment in the economy, adding that collaboration between the Federal Government and the private sector will further boost the country’s economic progress. According to Prof. Osinbajo, ...

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